Smart e-Drive Market
Smart e-Drive Market Study by Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive from 2023 to 2033
Analysis of Smart Electric Drive Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart e-Drive Market Outlook (2023 to 2033)
The global smart electric drive market is valued at US$ 900 million in 2023. The market is forecasted to reach a valuation of US$ 12 billion by 2033, surging ahead at a CAGR of 29.5% over the next ten years.
A smart e-drive is a specialized version of a standard electric drive system. Smart e-drive is powered by the vehicle's battery and has a direct transmission for smoother and safer driving dynamics. The smart electric drive has a battery, electric brake booster, motor generating system, and power booster. It enhances driving by saving energy.
The COVID-19 outbreak had a massive impact on the global electric vehicle market. The market came to a halt due to the suspension of car production and supply chain interruptions. Moreover, reduced vehicle sales during the first and second half of 2020 had an impact on the worldwide electric vehicle market, thereby affecting the growth of the global smart electric drive market. Nevertheless, the global market for electric vehicles bounced back in 2021.
Fact.MR, a market research and competitive intelligence provider, expects the global electric vehicle market will continue to grow at a rapid pace over the next ten years, promoting the expansion of the smart e-drive industry.
The increasing cost of gasoline is a major factor in accelerating global market growth. The worldwide demand for diesel and petrol is strong since they are non-renewable resources that may be depleted in the coming decades.
- As per the EIA (Energy Information Administration), 100.84 million barrels of gas were utilized per day worldwide in 2019.
- As per Forbes, the price of gas in the global market has been steadily growing.
Despite the fact that numerous accords have been established to restrict the price of gasoline on the worldwide market, costs have risen throughout the years. Since the majority of countries buy gasoline, its use adds to the economy's trade balance. Due to finite petroleum resources and growing gasoline prices, automakers are considering alternative sources of fuel for their automobiles.
Electric vehicle drivetrains have lower running costs than gasoline and certain other fuel choices. Along with environmental protection, this is a crucial reason for expanding need for electric vehicles. This is expected to fuel demand for smart e-drive vehicles in the future.
- According to EDF energy, the price of using an electric vehicle can be as low as US$ 0.5-0.7 per kWh.
This is substantially less than the standard cost of petrol for traveling the same distance. This saves EV users a lot of money on their daily transportation costs. Such factors are projected to increase the global demand for smart e-drive vehicles during the forecast period.
| Report Attributes | Details |
|---|---|
| Smart e-Drive Market Size (2023) | US$ 900 Million |
| Projected Market Value (2033) | US$ 12000 Million |
| Global Market Growth Rate (2023 to 2033) | 29.5% CAGR |
| The United States Market Value (2022) | US$ 300 Million |
| Leading Drive Segment | Front Wheel Drive |
| Key Companies Profiled | Robert Bosch GmbH; BorgWarner, Inc; Schaeffler AG; Siemens A; Aisin Seiki Co., Ltd; Continental AG; Hyundai Mobis Co., Ltd |
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Which Factors are Benefitting Companies in the Smart e-Drive Space?
“Increasing Demand for Electric Vehicles and Favorable Government initiatives”
Major electric vehicle markets, such as Germany, China, the United Kingdom, and the United States, are investing extensively in EVs and EV charging facilities, as well as R&D for quicker and more effective charging processes, inexpensive batteries, and longer-ranged EVs. They've also invested in the creation of electric powertrains. Auto manufacturers are projected to invest more to meet the increasing demand for electric vehicles.
Moreover, governments around the world have taken initiatives to decrease emissions in the following decades and to substitute their vehicle fleets in their respective countries with eco-friendly vehicles by 2029. This will increase the demand for EVs and support related businesses such as the smart e-drive business.
What Can Adversely Impact the Sales of Smart e-Drive Vehicles?
“Lack of Charging Infrastructure in Emerging Nations”
A well-developed charging infrastructure is essential to support the general acceptance of EVs (all-electric vehicles) and PHEVs (plug-in hybrid electric vehicles). Except for a few nations such as the United States, the United Kingdom, Germany, Japan, and France, the construction of this infrastructure is in its early stages worldwide. Due to the exorbitant cost of construction, the availability of charging outlets and charging stations is low.
- For example, in Europe, a slow two-port charging station requires around US$ 2000 just for the hardware. As a result, governments throughout the world are providing tax breaks and subsidies for infrastructure construction to cut setup costs and increase EV sales.
- In collaboration with electric vehicle makers such as Honda, Nissan, and Mitsubishi, Japan's government began spending on the installation of charging facilities throughout the country. As a result of this collaboration, Japan now has more charging facilities than gasoline stations.
- There were just 1,700 charging facilities in India in March 2021. Nevertheless, India's e-mobility movement has just recently begun to gather traction. The Indian government has approved the expansion of the FAME II scheme, and many states, including Gujarat, Maharashtra, Delhi, and Rajasthan, have declared their own initiatives to accelerate EV uptake.
- The Indian government is strongly pushing the usage of EVs to reach the 2030 vehicle emission reduction target. Nevertheless, owing to the country's political volatility, automakers are apprehensive about entering the electric vehicle industry in India. Only a few manufacturers, such as Mahindra & Mahindra, have station-based stores. As a result of the absence of infrastructural development, the usage of EVs is low in the country.
This has significantly impeded the potential expansion of EVs and their essential systems and components in developing nations. This will result in sluggish growth in the global sales of smart e-drive vehicles. Several new EV manufacturers and some prominent companies will gradually raise their demand for e-drivetrain components until they begin making them domestically, and this demand will develop rapidly once the charging infrastructure is in place.
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Country-wise Insights
Why is the United States Expected to Stand Out in the Global Market?
“Flourishing EV Market and Presence of Top EV Makers”
North America is ruling the global market for smart e-drive solutions. The United States is a market leader in the worldwide market. The United States market garnered US$ 300 million in 2022.
The rapidly growing EV market and the existence of top EV makers such as Tesla, General Motors, and others are boosting the market expansion in the United States. Furthermore, technological advancements in the American automobile industry are expected to have a positive impact on market growth in the near future.
Will Germany Continue Leading the European Market?
“Booming Automotive Industry in the Country”
Government support for the purchase of electric vehicles in the form of incentives and grants stimulated EV demand, resulting in a rise in the use of smart electric drives. Furthermore, the European Union's tighter emissions laws diverted consumer attention away from older automobiles and toward newer EVs. As a result of shifting customer preferences in high-end EVs and technological improvements in this region, the demand for smart e-drive vehicles is rising significantly.
Germany is dominating the regional market due to the country's thriving automotive industry, which greatly supports global market growth.
What Makes Japan and South Korea Important Markets in Asia Pacific?
“Strong Government Support and Increasing Demand for EVs”
The Asia Pacific market is expanding at a significant pace. Japan and South Korea are important markets in Asia Pacific. Governments in these nations have assisted the growth of EV demand by offering subsidies, establishing favorable EV rules, and discouraging the usage of fuel. With increased EV acceptability and demand, the market in Japan and South Korea is rapidly expanding.
Smart electric drives were first used in Japan, followed by South Korea. Higher production capacity/mass manufacturing for smart drivetrains and OEM adoption of the technology in these countries are anticipated to bolster market growth.
Category-wise Insights
Why is Demand for FWD Automobiles Surging?
“Several Benefits of FWD Automobiles”
In front-wheel drive (FWD) automobiles, the engine, differential, transmission, and final drive gears are all housed in one unit. FWD automobiles are often lighter than their competitors.
Many modern sedans, especially ones in the mid-and low-price categories, are FWD because they are lighter and distribute the bulk of weight onto the front wheels. This strikes a decent balance for consistent performance. It also aids in braking. Furthermore, FWD automobiles have larger passenger and luggage rooms.
Which Factor is Fueling the Growth of the Batteries Segment?
“Declining Costs of Batteries Worldwide”
A battery is the source of power for any smart electric drive system. Currently, the battery costs nearly one-third of the overall cost of a battery electric vehicle (BEV). From 2011 to 2017, the battery price fell by 20%. As a result, given the rapid advancements in battery technology, the cost of the battery is expected to fall dramatically over the next ten years.
Battery manufacturers and OEMs are collaborating to develop high-energy-density batteries that can cover a longer distance on a single charge.
In comparison to other battery technologies such as nickel-metal hybrid and lead acid, lithium-ion batteries are the most extensively utilized battery technology in electric, plug-in hybrid, and hybrid electric vehicles due to features such as excellent high-temperature efficiency, low self-discharge, high power-to-weight ratio, and high energy performance. The battery market is rapidly growing as the automotive industry shifts toward electric and hybrid vehicles.
Why are E-wheel Drives Gaining Immense Popularity?
“Enhanced Vehicle Space – Major Plus Factor”
E-wheel drive is a completely integrated electric drive system positioned on the rear wheels of a vehicle. It includes every component essential for safe acceleration and braking. The drive includes a brake, cooling system, controller, power electronics, and electric motor.
- As per the Green Car Congress, one of the primary benefits of the e-wheel drive is expanded vehicle space, which can rise by up to 50% since many components are moved to the wheel.
- For example, Gem Motors' e-wheel drive technology is 20% more effective than standard EV drivetrains.
Due to the e-wheel drive, a vehicle meant for two people can now accommodate four passengers. Furthermore, since the e-wheel drive is built into the wheel, direct transmission is provided, allowing for speedy and safe driving. Prominent suppliers of e-wheel drives include Protean, Nidec Corporation, Schaeffer, and Elaphe.
- The Schaeffler's twin e-wheel drive is installed in the rear wheel rim of the Ford Fiesta electric. E-wheel drive enables dynamic, emission-free driving.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
There are only a few established players in the worldwide market. Due to the dominance of established firms and the expensive R&D costs, it is difficult for start-ups to establish themselves in the industry. Moreover, to expand their global presence, key players in the smart e-drive market are actively focusing on collaborations, investments, new developments, and R&D activities.
- Volkswagen introduced the seven-seater ID.6 X and EV ID.6 Crozz in April 2021, built in China in conjunction with FAW and SAIC. It is available in four powertrain configurations and two battery sizes: 58 kWh and 77 kWh.
- Toyota unveiled the new LS and Mirai models in Japan in April 2021, both of which feature advanced driving assistance technologies.
- BYD released four new Smart Electric Drive models with Blade batteries in Chongqing in April 2021. Qin Plus EV, Tang EV, E2 2021, and Song Plus EV are new vehicle models with improved battery safety measures.
Key Segments of Smart e-Drive Industry Research
-
By Drive :
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
-
By Component :
- Batteries
- Electric Motors
- Inverter Units
- E-Brake Boosters
- Power Electronics
-
By Application :
- E-Axle
- E-Wheel Drive
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drive
- 6.1. Front Wheel Drive
- 6.2. Rear Wheel Drive
- 6.3. All Wheel Drive
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Component
- 7.1. Batteries
- 7.2. Electric Motors
- 7.3. Inverter Units
- 7.4. E-Brake Boosters
- 7.5. Power Electronics
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.1. E-Axle
- 8.2. E-Wheel Drive
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Robert Bosch GmbH
- 17.2. BorgWarner, Inc
- 17.3. Schaeffler AG
- 17.4. Siemens A
- 17.5. Aisin Seiki Co., Ltd
- 17.6. Continental AG
- 17.7. Hyundai Mobis Co., Ltd
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 2: Global Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 4: Global Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 5: Global Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 7: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 8: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Drive, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Drive, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Drive, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Component, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Component, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Component, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 4: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 5: Global Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 7: Global Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 8: Global Market Share and BPS Analysis by Component, 2023 & 2033
Figure 9: Global Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Component, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Component, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Component, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Component, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Component, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Component, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Component, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Component, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Component, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Component, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Component, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Drive, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Drive, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Drive, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Component, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Component, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the value of the smart e-drive market in 2023?
The global smart e-drive market stands at US$ 900 million in 2023.
What is the future value of the global smart e-drive market?
The market for smart e-drive vehicles is anticipated to reach US$ 12 billion by 2033.
What is the estimated CAGR for the global market?
Worldwide smart e-drive demand is projected to surge at a CAGR of 29.5% from 2023 to 2033.
What was the market value of the United States in 2022?
The United States market was valued at US$ 300 million in 2022.
Who are the leading players operating in the smart e-drive market?
Robert Bosch GmbH, BorgWarner, Inc, Schaeffler AG, Siemens A, Aisin Seiki Co., Ltd, Continental AG, and Hyundai Mobis Co., Ltd are leading players operating in the global market.
Smart e-Drive Market